Bitcoin is going crazy! 3 billion in positions have been liquidated across the network! Record amounts of money have poured into Wall Street! How high will it go this time? What should I do if I haven't gotten on board yet?
Ethereum Developer Conference is coming! Cancun upgrade warm-up, these coins are going to skyrocket, hurry up and ambush!
Wall Street has received major positive news, and the Federal Reserve is ready to release liquidity at any time. What exactly happened? Let's follow Shuqin to find out~
The first is the most direct evidence of Wall Street’s entry. The BTC options holdings representing the high-end trading market have set a record!
It reached the terrifying US$18 billion mark, which is higher than the bull market in 21 years, when Bitcoin was worth US$69,000!
Options are not contracts that retail investors play with. They involve calls, puts, and exercise prices, and are extremely complicated. They are usually played by people on Wall Street.
Now the holding volume has set a record, and 67% are call options, which shows that Wall Street is really deploying Web3 on a large scale.
An institution like Cumberland minted 477 million U transfers to Coinbase this month, which is very scary.
And now the SEC has done something weird to drive up the market.
He was supposed to respond to the ETF application today, but Gensler set up a seven-day window to extend the progress!
He also released positive news, saying that he was discussing the details of the ETF with Grayscale. This series of operations really whetted the appetite of retail investors, and the extra seven days also prolonged everyone's enthusiasm.
Otherwise, if he announced the result immediately, it might be the case that all the good news would be exhausted and the market would start to pull back, so he extended the response date to the 17th, which means that a decision will be made next Friday at the latest.
However, from the perspective of keeping people on suspense, I think he will most likely postpone it this time, and then wait until the last round in January next year to approve it. This will definitely be more in their interest.
So if the SEC makes a decision to postpone the decision in the next few days, the market should fall back a lot, and this is a very good time to enter the market. I will not chase the rise at such a high price, just like I will not sell at a loss at 25,000 yuan. So don't be carried away by market sentiment. What if the SEC announces the result and all the good news is gone?
So I now invest 1% of my position every day, so that I won't miss the market while waiting for the callback. We talked about this when the price broke through 32,000 last month. Now I have been investing for almost three weeks and have built a position of 30%. In addition to the 25,000 I bought at the bottom before, although I didn't get all the big profits with a full position, I still made a lot of money.
In fact, if you look at the trends this year, the Elliott model, the head and shoulders top, and the shrinking volume increases are all vulnerable in front of Wall Street. They can change the market trend by releasing any piece of news.
While everyone is talking about Bitcoin, Ethereum, which has been relatively unknown recently, has also had its own opportunity: a seven-day developer conference starting next Monday.
Ethereum actually holds various gatherings every year, but the one next week is officially organized by their foundation and only happens once a year, so it is definitely not a small fan seminar. You can tell by its length, it lasts for a whole week, and Vitalik will also be there.
This meeting is to discuss the content of the Cancun upgrade, and it is very likely that the specific upgrade date will be officially announced, which will benefit Ethereum as well as some of its related small coins.
Proposals like the EIP-7514 upgrade will benefit coins in various staking tracks, such as Lido, RPL, and SSV.
Then the most important thing is that the EIP-4844 agreement will benefit all Layer 2s. For example, IMX, which we have focused on before, has risen a lot, so it is not suitable to chase high prices. OP has less explosion, but we still make a lot of money. After this wave of ETFs is over, I will enter the market with a large position!
The remaining updates are the 4337 and 6551 protocols, and you may also pay attention to several coins in this regard.
Shuqin believes that Ethereum should rise to more than 10,000 by the end of 2025. In fact, this is a conservative estimate. Although Bitcoin is so strong now, in a bull market, Ethereum's increase is often twice that of Bitcoin.
Then according to OP, it should be easy for the bull market to break 10U, and we can even look forward to 20, because the Cancun upgrade and Bitcoin halving are coming soon, which are both long-term positives. So Shuqin will not use this coin for short-term trading, and I will hold it firmly.
Then I think Aptos may reach 50 first in the bull market, and this coin is particularly popular in South Korea, so the possibility of a three-digit rise is not ruled out.
Everyone must not underestimate the enthusiasm of retail investors in the future bull market. It will not be as difficult as it is now. Various currencies have been bullish for almost two years in 2024 and 2025, and the market has long lost its rationality.
Look at the end of 2021, when a small NFT picture of a stone garbage could be sold for 300 ethers, or 1 million US dollars. It was simply unreasonable, right? But at that time, retail investors thought it was worth it, and the more expensive it was, the more they bought it. So don't look at the price of the bull market next year with today's thinking, it was much crazier than it is now.
That being said, I think it should not be difficult for IMX to reach 10U, which is 20 times. Of course, it has risen now, and if you buy it now, the return is estimated to be only about 10 times.
But it is not too late now. After all, it is just a warm-up. The real bull market has not come yet. Shuqin believes that most of the audience who are planning with me now can achieve financial freedom in the bull market. If you enter the market next year, and all the coins have already soared, that would be really desperate.
Shuqin is updating the operations and data of each currency every day, and those who are interested can also take a look~
Okay, let’s look at some data.
The US inflation data next Tuesday will also send very positive signals. Although the market's expectations for core CPI are the same as before, at 4.1%, everyone has high hopes for CPI.
The previous CPI value was 3.7%, while the market expectation this time is 3.3%.
My God, a drop of 0.4%. This shows that the market is very optimistic about the inflation data, which is conducive to creating an environment for recovery. You must know that the actual target of the Federal Reserve was only 2.5% before the epidemic, and the current 3.3% is really not far from this target.
At the same time, the job market is cooling down, balance sheet reduction is about to be suspended, and expectations of a Fed rate cut have begun to rise sharply. Wall Street generally expects it to start flooding the market with money again next year, not to mention the positive news of a halving of the dollar.
This bull market really makes people full of hope!
Okay, that’s all for today’s program~ Please subscribe, and let’s achieve financial freedom together in the next bull market!
Bye~
